Dominion Energy, Inc. (NYSE:D) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC lowered its stake in Dominion Energy, Inc. (NYSE:D) by 44.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,394 shares of the utilities provider’s stock after selling 3,552 shares during the quarter. D.B. Root & Company LLC’s holdings in Dominion Energy were worth $254,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Family Firm Inc. purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at $27,000. LRI Investments LLC purchased a new stake in Dominion Energy during the first quarter worth about $32,000. Reston Wealth Management LLC acquired a new stake in shares of Dominion Energy during the third quarter worth about $36,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the second quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

D stock opened at $56.64 on Friday. The stock has a market cap of $47.58 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.53 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $57.96 and a 200 day moving average price of $54.29.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on D. Barclays increased their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets upped their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Finally, Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.40.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.